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Parimatch’s people first approach is recipe for sustainable success

Zoltan Tundik

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Employment in the 21st century is no longer about simply finding a job for life and as the desire for work to engage, educate and enhance employee’s lives increases, companies who can foster talent are akin to bottling lightning. With more than 1,600 employees operating in multiple territories across the globe, Parimatch’s decision to seek out and develop tomorrow’s industry leaders has proven a winning tactic as the company’s expansion strategy continues apace.

The universal language of business has opened the door for more and more forward-thinking companies to embrace and grow their teams internationally as the industry continues to expand into new markets. However, to ensure employee engagement remains a core focus, it’s key to invest in both your employees through a blend of stability and adventure according to Parimatch Head of Corporate Development Katerina Belorusskaya. “Despite the turbulence of the markets in which we operate we are a stable, reliable and honest company with constant growth over the past 25 years. On the other hand, we are ambitious and risk-taking which attracts genius people who are looking for an unusual approach and bold decisions. Parimatch is a big international family where our staff has the opportunity for constant development.”

She continued: “As with every company nowadays we understand that the key to success is talent. Our people are at the heart of the organization. Their ambitions, knowledge, and skills helped us to become who we are today. Our employees are our future.”

With their employee numbers have grown by about 15 – 20% annually since 2016 amid larger recruitment bursts as the company develops in new markets, the need for motivation has naturally grown too. “Engaged employees see their importance, which is the biggest motivation,” continued Belorusskaya. “Here, in Parimatch we realized this fact a long time ago, and now we’re trying to do our best to grow our unique corporate culture where employees are engaged, devoted and feel that they drive the business. Employee engagement can become one of the most significant workplace problems, indeed. Also, vice versa: an engaged employee can form a positive attitude towards the organization and its values which makes them go above and beyond to contribute a lot more.”

Following up on its goal to invest in its people, throughout 2018 the Cyprus-based company delivered 1,300 hours of education across 53 unique pieces of training through its Corporate University of Parimatch initiative, including specialized courses on bookmaking, sports, software and language classes. Discussing its inception, Katerina explained: “Our in-house university has been established to develop employees not only professionally but also mentally helping them to find a balance between work and life. Also, our CSR activities are significant. Philanthropy is a powerful HR tool that strengthens the team, inspires employees, forms parallel connections and shared values among them. So, all the time we try to make social projects truly beneficial for employees for them to want to be a part of this.”

For Parimatch, new markets are key to the recruitment strategy with the company significantly strengthening the local and partner teams in Kazakhstan and Russia recently preparing both territories for some ambitious goals in the coming years. “We are open to new horizons and opportunities,” stated CHRO Tatyana Davydova, who recently joined the company after more than five years at Playtech, where she has taken the role of Head of Global HR. “So there is much more to be done to achieve the ambitious goals of the company for example adopting cultures across our brand is the primary challenge for the HR team in relation to global mobility. In one hand organizations across industries are embracing the benefits of a diverse workforce. However, with benefits come the challenges of working across borders, cultures, and languages.”

To achieve its seamless overcoming of cultural barriers across multiple offices whilst maintaining happy and productive teams, Parimatch has instilled English as its official corporate language for the back office and circulates a holistic environment of common values and corporate unity through consistent, integrated sharing of information. Davydova explained: “It is crucial, and at the same time not easy to create a comfortable environment for everyone regardless of cultural background and location. We have been working on this a lot over the past five years and only today we can say that we feel the ground under our feet for all our employees.

“At some stage, we realized it can be complicated to unite people from different cultural mindsets and places in one, productive team without principles and values that would join them all. Therefore, we have created an integrated information space or flow. We believe it is essential that each employee is aware of what is happening in the life of a group in another country so the flow was developed across multiple information channels to create a monthly digest, video or blog to keep everyone in touch.”

Corporate unity also forms a major aspect of Parimatch’s people first approach exemplified by their bi-annual strategic sessions where the company or its partners hold operations and host employee representatives from all countries at large-scale gatherings. “These strategic sessions are an excellent platform for the exchange of experience, ideas, specific (local) cases between employees from different countries,” Belorusskaya added. “In such an atmosphere, cultural affiliation is replaced by association with the culture that is formed within the company. As for the relocation of employees and their adaptation in another country, in a team with other cultural values – this is a separate and fascinating topic. In short, our people are what drives our business and a unique corporate culture that is one for all, regardless of race, creed or language is key.”

After starting out as an affiliate in 2009 and developing some recognized review portals, I have moved deeper into journalism and media. My experience has lead me to move into the B2B sector and write about compliance updates and report around the happenings of the online and land based gaming sector.

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Gaming Awards

The AskGamblers Awards Finalists’ Names Are In

George Miller

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Askgamblers Awards -Finalists’ Names Are In
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The AskGamblers team is happy to announce the AskGamblers Awards finalists’ names are in and ready to share.

For the past two months, the AskGamblers players’ have been nominating their Best Online Casino, Best New Casino and Best New Slot to enter the finals to win the AskGamblers Awards. Two additional categories in the race are the Best Software Provider and the Best Affiliate Partner.

The nomination period has been as exciting and intense as any race of this magnitude, with the accent placed on choosing the best among the best. Now, with the nomination period of two months over and the voting phase in its full speed, the finalists’ names are finally available for the world to hear.

Here are the top 10 finalists who have made the cut:

Best New Casino: 21.com, BaoCasino, MonteCryptos Casino, Maneki, Sportsbet.io, Spinia Casino, SlotWolf, Syndicate, Wishmaker, and Wazamba Casino.

In the category for Best Casino, the following 10 made the cut: Betsson Casino, Bitstarz Casino, CampeonBet, Everum Casino, EnergyCasino, Gunsbet Casino, King Billy Casino, Konung Casino, Mr.Play, and Platincasino.

The Best Slot category lists the following names in the finals: Book of Oz Slot by Microgaming; Cleopatra’s Diary Slot by Fugaso; Dead or Alive 2 Slot by NetEnt; Gold Canyon Slot by Betsoft; Mechanical Orange Slot by BGAMING; Pirates’ Plenty Slot by Red Tiger Gaming; Razor Shark Slot by Push Gaming; Solar Queen Slot by Playson; The Dog House Slot by Pragmatic Play; The Sword and The Grail Slot by Play’n GO.

In terms of the Best Software Provider, we have listed: Betsoft, BGAMING, Fugaso, Microgaming, NetEnt, Play’n GO, Playson, Pragmatic Play , Push Gaming, and Red Tiger Gaming.

The Best Affiliate Partner list goes as follows: LeoVegas Affiliate, Uffiliates, Betzest Partners, Stars Affiliate Club, RP Affiliates, JPJ Partners, Max Affiliates, PlayAttack Affiliates, IVY Affiliates, and Oshi Affiliates.

With the idea of giving the winners the acclaim they deserve, AskGamblers team is organizing the AskGamblers Awards gala night, third year in a row. The night of the final ceremony will be held on 17th January 2020 in Belgrade, allowing everyone absent to follow the event on live stream. The ceremony is expected to be the perfect blend of excitement, enthusiasm, and sweet anticipation – just as every other year before.

Being the most prestigious event in the iGaming industry, the AskGamblers Awards night is when the winners are chosen out of the following categories: Best Online Casino, Best New Casino and the Best New Slot with addition of Best Software Provider and the Best Affiliate Partner. Also, there will be a separate award called Players’ Choice.

As a crew of professionals whose primary mission is to keep its players happy and animated, AskGamblers has turned AskGamblers Awards night into a pure spectacle. By giving the players’ authority to choose the winners through nominations, AskGamblers is trusting and honouring their active dedication, trust, and commitment to the collective iGaming purpose.

AskGamblers’ Product Owner Denis Ristic reflected on the upcoming AskGamblers Awards event by saying: I am forever thrilled with the way AskGamblers team approaches improvement and innovation as well as with the way we manage to make our players feel in the process. Apart from our immense knowledge of the industry’s pitfalls and assets, I believe it is the unity of action, commitment, and creativity that keeps us pushing forward. The AskGamblers Awards night will be amazing, we can’t wait for the winners’ names to be announced!

By successfully keeping the players’ interest in the AskGamblers Awards nominations for a few years in a row, the AskGamblers team has once again proven itself worthy of everyone’s attention and trust. Pushing the envelope on more fronts than we can count has already become a fixed segment of the AskGamblers’s DNA.

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Compliance Updates

MGA Tightens Definition of Start-ups

Niji Narayan

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MGA Tightens Definition of Start-ups
Reading Time: 1 minute

 

The Malta Gaming Authority (MGA) has announced changes to the regulations on gaming license fees to narrow the definition of start-ups, potentially ramping up costs for smaller gaming businesses.

Previously, a start-up owner had to generate less than €10m in revenue from gaming or related sectors during the previous financial year, but now, such an owner must generate less than this amount over the previous 36 months.

The rule applies both to individuals who have generated more than €10m and to those who are “part of, or controlled by, a corporate group” who have generated the same.

Under the current license fee regulations, start-ups are exempt from paying the compliance contribution, which may be between €15,000 and €600,000, depending on revenue and the type of gaming services offered.

“This amendment is aimed at ensuring that undertakings classified as start-ups are truly such, whilst simultaneously not prejudicing corporate groups that were in the business many years back and wish to benefit from such an incentive by starting up again,” MGA explained.

The changes will come into effect from January 1, 2020.

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Industry News

Betsoft Gaming Partners with WeAreCasino

Niji Narayan

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Betsoft Gaming Partners with WeAreCasino
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Betsoft Gaming has signed a distribution agreement with the online gaming platform provider WeAreCasino. As per the deal, WeAreCasino will have access to Betsoft’s full portfolio of titles, including the latest releases Gemmed!, Wolf Moon Rising and Gold Canyon.

“We are thrilled to have signed this agreement with WeAreCasino. We have a reputation for developing innovative content and are therefore delighted to partner with an innovative casino like this. They have proven to be very successful in the markets they’re operating in. We look forward to a successful partnership,” Francesca Raniolo, sales executive of Betsoft Gaming said.

“Betsoft’s portfolio of videoslots have a considerable reputation and we are eager to see how their games will perform for us. Betsoft’s innovative content closely aligns with our message so we expect our players to engage well with these games. We are very excited for this partnership to be a success,” Marko Jelen, head of sales at WeAreCasino said.

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